Wattio Raises €500K in Equity Funding

Published On November 27, 2012 |

Wattio, a San Sebastian, Spain-based start-up that designs and provides “Smart Home” solutions, has raised €500k in its first equity funding.

The funds were provided by EZTEN, FCR, which is managed by Gestión de Capital Riesgo del País Vasco (GCRPV).

The company intends to use the funding to “industrialize” the product and offers it in Spain and Europe. To this end, it is hiring (http://www.notevayasaalemania.com/).
Led by Patxi Etxebeste, CEO, Xabier Aizpurua, CTO, and Adrián Moreno, CSO, and based at the San Sebastian Technology Park, Wattio provides systems that allows customers to know when and how they consume energy, to receive alerts on mobile phone if some unwanted stranger enter their house or there be a gas leak, control home temperature from mobile phone.

FinSMEs

27/11/2012

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